office depot annual report

Media Relations Combined with our strong balance sheet and available liquidity position, we are in a solid position to navigate the challenges posed by this health crisis,” Smith continued. Adjusted results represent non-GAAP financial measures and exclude charges or credits not indicative of core operations and the tax effect of these items, which may include but not be limited to merger integration, restructuring, acquisition costs, asset impairments and executive transition costs. “We remain encouraged by the early signs of progress and the opportunities ahead for CompuCom,” said Gerry Smith. Office Depot, Inc. (âOffice Depot,â or the âCompanyâ) (NASDAQ: ODP), a leading provider of business services and supplies, products and technology solutions through an integrated B2B distribution platform of approximately 1,300 stores, online presence, and dedicated sales professionals and technicians, announced results for the fourth quarter and full year ended December 28, 2019. Planned closures of underperforming retail stores drove the reported decline with 64 fewer retail outlets at the end of the first quarter of 2020 as compared to the prior year. Office Depot to conduct 1-for-10 reverse stock split effective June 30 Jun. AURELIUS ANNUAL REPORT I 7 Home REPORT OF THE SUPERVISORY BOARD In financial year 2019, the Supervisory Board duly carried out the tasks within its remit, as is its duty in accordance with the law and the Articles of Association and by-laws. By eliminating the term loan in its entirety, the Company expects to save approximately $14 million in annual cash interest expense and $75 million in required annual amortization payments. Capital expenditures in the quarter were $25 million versus $46 million in the prior year period, reflecting lower investment in retail operations, while continuing growth investments in the Company’s service platform, distribution network, and eCommerce capabilities. Retail Division operating income was $87 million in the first quarter of 2020, up 30% over the same period last year. Adjacency categories, which include cleaning and breakroom supplies, technology, furniture, and copy and print services, grew to 39% of total BSD revenue for the quarter. Upon closing of the transaction, the Company borrowed a total of $400 million under the new credit facility. Serious Fraud Office Annual Report and Accounts 2018-19 (For the year ended 31 March 2019) Accounts presented to the House of Commons pursuant to Section 6(4) of the Government Resources and Accounts Act 2000 Annual Report presented to Parliament pursuant to Section 1(15) and Paragraph 3 of Schedule 1 to the Criminal Justice Act 1987 These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations, cash flow or financial condition, the potential impacts on our business due to the unknown severity and duration of the COVID-19 outbreak, or state other information relating to, among other things, Office Depot, based on current beliefs and assumptions made by, and information currently available to, management. 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Combined with our strong balance sheet, I am confident that we are taking the necessary steps to navigate through the challenges posed by this global health crisis,” he added. The Company continues to take actions to improve future operating performance, including increased use of automation and technology to improve service efficiency, simplifying operational structures to improve service velocity, and aligning sales efforts to better serve customers and accelerate cross-selling opportunities. Office Depot, Inc. (NASDAQ:ODP) is a leading provider of business services and supplies, products and technology solutions to small, medium and enterprise businesses, through an integrated B2B distribution platform of approximately 1,300 stores, online presence, and dedicated sales professionals and technicians. In late March, the Company implemented a curbside pick-up option in all locations, including a portion of retail locations that have transferred to curbside pick-up only, as well as temporarily reduced store hours by 2 hours per day. Reduced interest expense and fewer outstanding shares contributed to this performance. The Company also recognized asset impairment charges of $12 million in the first quarter of 2020, $10 million of which was related to the impairment of operating lease right-of-use (ROU) assets associated with the Company’s retail store locations, with the remainder relating to the impairment of fixed assets. This item, Adjusted Free cash Flow is defined as cash office depot annual report operating! 1 % compared to the GAAP measures, but only to clarify some and. Amounts ), Adjusted Free cash Flow was $ 87 million in the BSD Division efforts. 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